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iPass Inc has reached an agreement with Maguire Asset Management, Francis Capital Management, Foxhill Opportunity Fund. and their respective affiliates and nominees, over the composition of the iPass Board of Directors.
iPass will appoint Damien Park, Richard Karp and Brent Morrison as new independent members of the Board, and Kenneth Traub will serve as an advisor and observer to the Board, all effective immediately. Park will also become chairman of the Board following the iPass 2015 annual meeting of stockholders, scheduled for 30 June, 2015. Park, Karp and Morrison join incumbent Board members John D Beletic, chairman of the Board,
Fred Alger Management, Inc., a leading asset management firm, announced today that
Ankur Crawford, PhD, is joining Patrick Kelly, CFA as Portfolio Manager on Alger SICAV – The Alger American Asset Growth Fund. Additionally, Kelly has been named Head of Alger Capital Appreciation and Spectra Strategies.
Alger SICAV – The Alger American Asset Growth Fund celebrated 10 years of strong performance under Patrick's stewardship last year. Patrick has served as Portfolio Manager for the Fund since 2004, and has nearly 20 years of investment experience. Additionally, the Fund has received numerous Lipper Fund Awards over the years, including six Lipper
Steben & Company has appointed Peter Weinberg as Head of Investor Relations & Marketing.
"The success we have had with our funds creates the need for an increased focus on competitively marketing our products. Peter is ideally suited to help us better position and communicate the merits of our alternative investment products to the marketplace as we continue to build on our distribution efforts," says Ken Steben, CEO and President of Steben & Company.
Weinberg joins from SkyBridge Capital, a USD13 billion fund of hedge funds business, where he spent four years as the Head of Investor Relations. He has
RAM Active Investments has appointed Nexus Investment Advisors Limited as manager of the RAM Asia Bond Total Return Fund – previously known as Samena (Lux) Global Funds – Credit Opportunities Fund.
This decision is the logical consequence following the departure of the fund's management team, Richard Yang and Carl Wong, from Samena Capital to join Nexus. Nexus is an excellent platform for the investment team to continue managing the fund. In order to place emphasis on the fund’s investment style, RAM has decided to rename the fund “RAM Asia Bond Total Return”.
“After three years of successful collaboration with Richard
The JonesTrading Group of Companies has named industry veteran and institutional equity execution specialist Jeffrey Gamble as Vice President of JonesTrading Canada’s Toronto office.
Over the course of the last several years JonesTrading, a leading block trading firm in US and international securities for institutions, has grown its asset classes available for trading and market intelligence globally. The firm resourced these initiatives with industry veterans. All of the initiatives have retained and expanded JonesTrading’s relationship based model, which has proved resilient even as market structure and new competitive entrants have entered the execution space.
Gamble has broad and deep
Sussex Partners has been appointed by MCP Asset Company Limited (MCP) to provide access for the Oasis Value Long Fund and the Oasis Value Alpha Fund to its institutional clients in Switzerland, parts of Europe and the United States.
The Funds run on MCP’s hedge fund platform and are advised by Norinchukin Value Investments Co., Ltd. (NVIC), whose parent company, The Norinchukin Bank, with USD828.1 billion in assets as of 30 September 2014 is one of the largest institutional investors in the world.
NVIC pursues a high conviction, concentrated and long-term fundamental approach to liquid equity investing in
Doug Ostrover will step down as a Senior Managing Director of Blackstone and will become a Senior Adviser to the firm.
Ostrover was, along with Bennett Goodman and Tripp Smith, one of the founders of GSO, Blackstone’s alternative credit platform. Blackstone acquired GSO in 2008 and it now has assets under management of USD75 billion. Ostrover intends to found a family office to invest capital and work alongside management teams.
Bennett Goodman and Tripp Smith, the co-heads of GSO, says: “Doug has been our great friend and colleague for the last 25 years. The success of GSO as the leading
Tortoise Capital Advisors has added four seasoned portfolio managers to its investment committee, effective 30 June, 2015.
Brian Kessens, James Mick, Matthew Sallee and Robert Thummel, all managing directors of Tortoise, serve in significant roles alongside the Investment Committee as part of Tortoise’s portfolio management team, and this will formalise their roles. They will join current Investment Committee members Kevin Birzer, Zach Hamel, Terry Matlack and Ken Malvey. The Investment Committee will continue to provide investment strategy oversight to the portfolio team, who implements the strategy.
Also effective 30 June, 2015, one of Tortoise’s five founding managing directors, Dave Schulte,
Enso Financial Analytics (ENSO), a provider of data-driven investment and operational insights for hedge funds, has hired Julian Pittam as Head of EMEA and Stephen Caplen as Global COO.
Both Pittam and Caplen will operate out of ENSO's London office and join the company's global executive management team.
Pittam joins ENSO from Data Explorers, a financial data and software company that was sold to Markit in 2012. Caplen comes from ICAP, which recently announced a second round of funding in ENSO. ICAP is a leading markets operator and provider of post trade risk mitigation and information services.
ENSO has grown
Investcorp has appointed Sunil Gaglani in the newly-created role od chief risk officer of the firm’s hedge fund business.
Gaglani will be responsible for monitoring the risks of investments made across the firm's Hedge Funds business including fund of funds, single managers, special opportunity and alternative beta portfolios. He will be a member of the Hedge Funds Investment Committee and report to Lionel Erdely, Head and Chief Investment Officer of the Hedge Funds Group at Investcorp.
Erdely, says: "We are pleased to welcome Sunil to Investcorp. I am confident that his extensive experience in managing hedge fund risks will further
